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The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy. Meanwhile, USA must correct debt and raise the interest rates. Raising the interest rates in the USA and dropping them in Europe, recovers the European domestic demand and EE.UU may return to invest in Europe, with a stronger dollar, without any problem, generating hundreds of thousands of Jobs

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French consumer spending drops unexpectedly

PARIS
French consumer spending sunk unexpectedly in June as households spent less on food and energy, statistics showed Wednesday
Consumer spending in the euro-zone's second largest economy declined 0.8% in June from May, and was 0.5% lower than June 2012, national statistics bureau Insee said
Economists polled by Dow Jones Newswires had forecast on average that consumer spending would remain at the same level in June as in May and rise 0.1% on year
Still, Insee revised the May figures up to a 0.7% increase on the month from a previous reading of +0.5%
Consumer spending for the whole of the second quarter of 2013 was 0.3% higher than the first quarter of the year, Insee said
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